AUTOREFRESH 
FOREX NEWS | CURRENCY NEWS BY FOREXLIVE
Claims fall to 358,000
Better than forecast.
FT: Austerity deal done; statement shortly
According to their live-blog from Athens.
Central bank sellers were seen above 1.3300 last time up, traders report.
What can’t go down must go up
Delay, delay, delay. Probably the best thing for the euro is the Greek saga dragging on indefinitely. That was, analysts can’t poke holes in the agreement. In the meantime, the market will continue to cover large shorts.
The last two days have shown us there are ready buye3rs on the dips for EUR/USD despite continued tomfoolery in Athen.
Nothing kills a currency like QE. Oh, wait…
I get a kick out of the dollar getting the stuffing knocked out of it every time some Fed officials contemplates adding to asset purchases.
But look at cable. The BOE throws another GBP 50 bln at it and it rallies? Yeah, I know there is a modicum of relief that they didn’t do GBP 75 bln, but if QE is bad than GBP should have fallen, but maybe less than if they had done GBP 75 bln.
I’m just sayin’…
Macro buyers in USD/JPY…
We’re up into the high 77.20′s with a recent high of 77.30. Offers from Japanese names (exporters) are staggered up to 77.50 and there are buy stops from CTA accounts set on a break of 77.50
Cable offers at 1.5880 hold firm despite strong buying from a major Swiss name
The offers i mentioned earlier in cable on the orderboard appear to be pretty solid, and i’ve been told that a major Swiss name was the buyer in Cable at the time of the sell off in EUR/GBP.
Cable touched the 1.5880 level and has backed off sharply to the 1.5850′s. Looks like that 0.8330 support level in EUR/GBP is firm as well
German Dep Fin Min Kampeter: Greek PSI deal may be made today
- Europe can’t help without Greek action
Seems to be helping to stabilise the recent run down in the EUR/USD
ECB leaves rates on hold as expected at 1.00%
Marginal, deposit rates unchanged at 1.75%
Press conference starts at 1330GMT.
EUR’s off the recent floor on the session at 1.3234/35 , up around 1.3253
EUR/USD at session lows as a likely Greek delay looms, and macro sellers pile into the EUR/GBP ahead of the ECB announcement
We’re down to 1.3235 just now. Support is down at the Asia lows of 1.3215,. and EUR/GBP’s heading down to that bigger support level at 0.8330, with a recent low of 0.83365 .
EU: “New elements” on the table in EU Ministers Greek talks
That would be Tzatziki, Taramusalata. Mousaka , backlava then ….;)
Market Talk
Monti hoping Greek solution will solve his problemsMonti: if Greek crisis is resolved, the process of declining Italian interest rates will accelerate. Maybe,...
30s yield 3.240%A touch softer than expected. Bid-to-cover 2.47 vs 2.66 average at the last 10 auctions. Yields are...
Auction upcoming with bonds at highest since OctThe US is selling $16B in 30-year bonds at the top of the hour. The market is expecting a yield of 3.23%...
Economics
Large numbers in US foreclosure settlementBank of America’s commitment is $11.8B, Citi at $2.2B. The total settlement is $25B and is a combination...
US wholesale inventories rise 1.3% in December, more than expectedWhy should you care? Because inventory builds add to the GDP calculation… Share and Enjoy: Read More →
Canadian Dec new housing prices +0.1% (exp +0.2%) from +0.3% in NovNot much reaction to this as market listens to the Draghi press conference. USD/CAD steady in the low...
Recent Comments: